DA Davidson Downgrades Intellicheck to Neutral, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
DA Davidson has downgraded Intellicheck (NASDAQ:IDN) from Buy to Neutral and lowered the price target from $5 to $2.
August 09, 2024 | 10:43 am
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NEGATIVE IMPACT
DA Davidson has downgraded Intellicheck from Buy to Neutral and significantly lowered the price target from $5 to $2, indicating a less optimistic outlook on the stock.
The downgrade from Buy to Neutral and the significant reduction in the price target from $5 to $2 by DA Davidson suggests a less favorable view on Intellicheck's future performance. This is likely to negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100